NEWS:
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INFe.com Announces Form 10-SB Effective; SEC Reports 1O-SB Effective
Date of February 17th
TYSONS CORNER, Va., Feb. 28 /PRNewswire/ -- INFe.com (OTC Bulletin Board: INFE - news), formerly Infocall
Communications Corp., announced today it has verified through contacts with the Securities and Exchange Commission that its Form 10-SB was effective as of February 17, 2000. The Company has promptly notified its market makers to file the necessary forms for re-listing on the NASDAQ Bulletin Board and they have agreed to process the filing.
With this verification and re-listing the Company plans to move ahead to complete additional financing for its acquisitions and``close' these transactions as soon as possible. The Company currently has deals in the works that will bring over $20 million in revenue to its INFe-Human Resources and over $2 million to its IT*CareerNET Subsidiaries.
``We are very happy to release this news. Many of our dedicated shareholders have been waiting for this announcement,' said Tom Richfield, the Company's CEO. ``Being back on the Bulletin Board will make life a lot easier for the public to follow our stock. We have been moving ahead with our overall corporate strategy to finalize our contemplated acquisitions. This will make the job a lot easier because a large portion of our acquisition funding was being held-up due to the fact that we were on the
'pink sheets'. We are now positioned to arrange closure of this funding and complete our initial acquisitions.'
The Company also announced that it has been working to re-program its IT*CareerNET web site for the launch of its contract with 5th Avenue Channel (FAVE). IT*CareerNET has been selected to become the center of technology careers for FAVE's new cable broadcast news channel expected to air in millions of homes early in March. The IT*CareerNET site will offer new content and services including an lT*CareerNET-Professionals Club and its launch of the IT*CarearNET-Video Resume, a profile of a job seeker and their credentials in streaming video available on the Internet.
For more information on INFe.com, visit the Company's web site at www.infe.com and add your email address to the
shareholders Email list or call Capital Media Group, investor relations, at 1-800-437-3551.
Legal Notice Regarding Forward-Looking Statements: ``Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events.
Infocall Communications Corp. and INFe.com disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, changes in economic conditions or associated risk factors or otherwise.
SOURCE: INFe.com |
